Smart Swing Trading: How a High-Win Oil Trader Cashed $2.4 Million with ETH Rebounds

ETH

ETH/USDT

$1,932.30

+0.65%

$1,932.30

+0.65%

(24s)

24h Volume

$9,542,198,654.30

24h H/L

$1,956.45 / $1,910.68

Change: $45.77 (2.40%)

Long/Short

57.1%

Long: 57.1%Short: 42.9%

Funding Rate

+0.0035%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,938.01

▲ 0.41%

Volume (24h): -

Resistance Levels

Resistance 3$2,063.38

Resistance 2$2,006.54

Resistance 1$1,957.82

Price$1,938.01

Support 1$1,927.94

Support 2$1,888.69

Support 3$1,740.92

Pivot (PP):$1,927.94

Trend:Uptrend

RSI (14):65.2

In a recent market transaction, noted on-chain analyst Yu Jin revealed significant activity from a high-win-rate swing trader. After capitalizing on an Ethereum (ETH) rebound, the trader executed a sale at a price of $3,417, realizing a profit of approximately $2.4 million. This strategic move highlights the trader’s acumen in navigating the volatile cryptocurrency landscape. Just two hours prior, the same address re-entered the market, acquiring 12,178.4 ETH for a total of $40.66 million USDT at an average purchase price of $3,339. Such substantial trading activity underscores the growing interest and confidence in the ETH market, as seasoned investors continue to leverage price fluctuations to enhance their portfolios.